• I reject the premise
    Have you ever noticed that if a number of politicians don’t
    really want to answer a question, they ‘reject the premise’
    or reject the characterisation’ rather than answer it?
    Current Prime Minister Morrison is a past master of the ‘art’.
  • Frydenberg’ s folly
    What’s happened to Josh Frydenberg? As many have commented,
    Frydenberg’s vicious attack on Victoria’s Premier, Dan Andrews,
    came as a surprise. It’s intensity was extraordinary. Why?
    Only he would know. We can but surmise. What did you conclude?
  • Now the blame game
    Do you, like me, bristle as you hear the political class playing the blame game?
    Seldom have we been so inundated with such a plethora of reports, inquiries,
    Royal Commissions and sundry investigations into past blunders. The Ruby
    Princess episode springs to mind, but there are many others. They all have
    something in common. They address the same question: ‘What happened?’
  • Politicians with a death wish
    You have to wonder if some with a high profile in the ALP have a political
    death wish. Recently, the government’s performance was summed up by
    the Aged Care Minister Richard Colbeck sitting at an enquiry into aged care,
    speechless for half a minute because he couldn’t answer a pretty obvious
    question on the number of deaths in aged care homes due to COVID 19.
  • Morrison is not a leader
    Franklin D. Roosevelt was the President of the USA in the aftermath of the
    ‘Great Depression’ that commenced with the stock market crashes of 1929. Rather
    than riding out the Depression, promising business as usual at some point in the
    future, Roosevelt instituted a series of economic programs across the USA that focused
    on ‘the 3Rs’, relief for unemployed, recovery of the economy and reform of the financial system.
  • What was the alternative?
    On Thursday 23 July, Australian Treasurer Josh Frydenberg announced
    an ‘eye watering’ projected deficit of $1,844 Billion dollars in the 2020/21
    financial year. For the Government that was announcing (with tortured
    grammar and celebratory coffee mugs less than 12 months ago) they were
    ‘already back in the black in the next financial year’, it’s a dramatic turn around.

The Political Sword

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The CPRS, Treasury modelling, and the predictable reaction

Now that the long-awaited Treasury modelling for the Carbon Pollution Reduction Scheme has arrived, it is a salutary exercise to check how well the predicted reactions of the players match their actual response. Predictably the Government has used the modelling to reinforce its determination...

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The bank guarantee – what does the Opposition and the media really believe?

Ever since the Rudd Government announced its guarantee for deposits in banks, credit unions and building societies there has been a running commentary from the Opposition and the media about that move.  After a brief flirtation with bipartisanship, following Tony Abbott’s dictum that op...

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The national interest versus political expediency

When Kevin Rudd likened the effect of the global financial crisis on Australians to a rolling national security crisis, he was ridiculed by Malcolm Turnbull and the media, and cartoons of Rudd in fire-fighting gear soon appeared.  But Rudd was right.  The calamity facing us already has h...

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Where has reason flown?

That so many investors seem to be making unreasoned decisions and dumping stock as share prices fall is understandable if they are, as has been described, in a state of blind panic, occasioned by unremitting fear.  But that state of unreason should not infect journalists, who ought to be able...

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A plain man’s glossary of finance market terms

To understand what parliamentarians are talking about in Question Time on the current financial upheaval, what the finance experts are saying in the business media, or even what the news bulletins mean, a working knowledge of financial terms is handy.  So this a compilation of terms that un...

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Much ado about nothing

UPDATED 23 October So the latest saga has come and almost gone.  The Coalition, which began with a much-vaunted promise of bipartisanship, has now reverted to form.  It has accused the Government of bungling the most important financial move it has made, the Bank Deposit Guarantee;...

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The great media awakening

Ever since he became Leader of the Opposition, the relationship between the media and Kevin Rudd has been patchy.  While he, with Joe Hockey, once enjoyed a convivial regular association with Channel Seven, a connection that still exists, and while his appearances on Channel Ten’s Rove ...

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The economy – who can we believe?

Nobody really knows how we got into the financial mess we’re in, or how to get out of it.  Nobody knows what the stock market will do this week, next week, next month.  No less a figure than Warren Buffett said in an Op Ed piece in the New York Times last week “I can&rsq...

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Media melancholy

‘Melancholy’ is an old fashioned word derived from medieval medicine; it literally means ‘black bile’, an excess of which was believed to cause depression.  ‘Depressed’, which now carries a specific taxonomic meaning, seems to be an inappropriate word to ch...

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To quibble or not to quibble

It was just last Tuesday, 14 October, when Malcolm Turnbull announced the Coalition’s willing bipartisan support for the Government’s $10.4 billion package to stimulate Australia’s slowing economy.  In a doorstop, he and his deputy added that the Coalition would not quibble ...

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Kevin Rudd – all action, no talk

After months of hearing and reading the “all talk no action” mantra, it would be too much to now expect the reverse after the announcement yesterday of the $10 billion ‘boost to the economy’.  Some journalists got close.  In today’s issue of The Australian P...

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Malcolm’s at it again

In several pieces on The Political Sword it has been argued that Malcolm Turnbull is at his best when he’s advocating ideas and actions in which he believes, but when he’s required to promote that in which he does not have his heart, he flounders and is unconvincing.  Over the las...

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What’s got into our TV interviewers?

This piece is prompted by two recent episodes where the PM was interviewed in a manner that could only be described as aggressive, if not downright rude. We know that politicians enjoy lowly status in the respectability stakes.  Broken promises, speaking with a forked tongue and partisa...

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Andrew Bolt – Pied Piper to his bloggers

Watching Andrew Bolt on ABC TV’s Insiders yesterday, I wondered when last he was subjected to the same critical judgment to which he so eagerly subjects others. This prompted the idea for a series on The Political Sword on how we perceive our political journalists, with Bolt as first under t...

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The corrosive effect of political slogans

Spin doctors love slogans.  Their focus groups test them for efficacy.  They launch them, repeat them incessantly until their use-by date, then go onto the next.  They know the corrosive effect the negative ones can have on those to whom they’re applied.  The media too lo...

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Why is the Opposition antagonizing the banks?

Isn’t it curious that the conservative side of politics, the free-marketeers, are now at loggerheads with the banks.  All the more so with a leader who is an ex-merchant banker. It was the previous Treasurer who defended so fiercely the independence of the Reserve Bank, and indeed...

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So will interest rates now always be lower under Labor?

It’s almost a year since John Howard parted the scene, but his mantra “Interest rates will always be lower under the Coalition” still rings in our ears.  It was powerful, memorable and effective, except at the last election, when so many of the people stopped believing it, o...

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Why do so many in the media enjoy a beat-up?

This morning on ABC 774 radio, Kathy Bedford, a temporary morning announcer, raised the matter of a brutal assault on Dr Mukesh Haikerwell, past President of the AMA, that resulted in his being admitted to the Western General Hospital in suburban Melbourne for ‘brain surgery’.  Fo...

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What should we expect from the Shadow Treasurer?

When Brendon Nelson unexpectedly pipped Malcolm Turnbull for leadership of the Coalition last year, even although the Liberal convention is to allow the Deputy Leader to choose a portfolio, it was expected that Nelson would offer Turnbull the post of Shadow Treasurer.  That’s what happe...

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Could the media tide be turning?

It might surprise those who believe the media, particularly News Limited, is anti-Government and pro-Coalition, that some Coalition supporters believe the media is pro-Government and not nearly hard enough on Kevin Rudd and his ministers.  Perspective governs perception.  For those who b...

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